BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Good morning, hope all is well!

BTC is trading inside of a weekly range near the price of 8240.

VMA is resting above near 8420, whereas Tenkan and Kijun lie at 8300 and 8720 respectively.

Bulls need to claim 8650 to test 9k, possibly 10500.

For as long as the price action trades below the VMA, I am expecting further downside towards 7500, possibly 5500.